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Overview: Global equity markets have resumed their climb after a wobble at the end of last week and earlier this week. A strong recovery in the S&P 500 on Tuesday signaled yesterday's strong advance that left a bullish one-day island low in its wake. MSCI Asia Pacific Index snapped a two...
Overview The prospect of not just the failure of the US and China to resolve its trade dispute but a new escalation has sapped the confidence that had lifted equity benchmarks and the greenback. Led by more than a 1% decline in Tokyo (Nikkei), Hong Kong, and Australia, all the major markets ...
Overview Asia-Pacific equities mostly declined in sympathy with yesterday's large sell-off in the US and Europe. China and Taiwan were the notable exceptions, while Australia's 2.2% decline, following the central bank meeting that resulted in what many are seeing as a hawkish hold, led the m...
By Jeff Halley, Senior Market Analyst The reports were inconclusive about the rapaciousness of the US consumer on Black Friday; it really depended on which retail analytics firm you listened to. The general feeling though was that footfall and online held their own, but didn't reach the fr...
Overview Mostly better-than-expected manufacturing PMI readings for December, including in China, is providing the latest incentive for equity market bulls. Led by the Nikkei, which was aided by a weaker yen, major equity markets in Asia-Pacific rallied and recouped most of the nearly 1% los...
The markets continue to seem optimistic. The strength of the US flash PMI offered a contrast of most high-income regions. The S&P 500 and the Dow Jones Stoxx 600 advanced last week after falling the previous week for the first time since early October. Benchmark 10-year bond yields were ...
America's tariffs against China are already showing signs of undermining the global economy and will create a funding crisis for the federal government when it leads to foreigners no longer buying US Treasury debt and selling down their existing dollar holdings. A subversive attempt by America...
Trade hopes were boosted by comments from the US and China earlier in the week, only to be stamped out after the signing of an American law that supports Hong Kong autonomy was criticized by China vowing retaliation. The prolonged trade war has been a drag on global growth, and with the Decemb...
Overview: Global equities are trading heavily. Both the MSCI Asia Pacific and the Dow Jones Stoxx 600 snapped four-day advancing streaks yesterday and have seen some follow-through selling today. In the Asia Pacific region, all the markets fell but Jakarta. Hong Kong's Hang Seng slipped a li...
By Iris Pang, Economist The direction of the Chinese yuan in 2020 will depend on progress in the trade war The key driver of the yuan remains the uncertainty of the trade war Year-to-date, the yuan has weakened 2.4% against the dollar. The USD/CNY has ranged between 6.6691 an...
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ATLANTA , Dec. 13, 2019 /PRNewswire/ -- Invesco (NYSE: IVZ), one of the world's leading global investment managers, today announced changes to its US exchange-traded fund (ETF) and mutual fund product lines. The fund rationalization is intended to integrate the fund ranges o...